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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share are as follows:

 

 

Year Ended December 31,

 

 

(In thousands, except per share data)

 

2021

 

 

2020

 

 

2019

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

6,460

 

 

$

(23,118

)

 

$

(51,952

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

118,571

 

 

 

57,865

 

 

 

57,848

 

 

Dilutive effect of stock options (1)

 

 

24,644

 

 

 

—

 

 

 

—

 

 

Dilutive effect of restricted stock units

 

 

5

 

 

 

—

 

 

 

—

 

 

Dilutive effect of preferred stock (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

Dilutive effect of warrants (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

Weighted average common shares outstanding, diluted

 

 

143,220

 

 

 

57,865

 

 

 

57,848

 

 

Net income (loss) per share, basic

 

$

0.05

 

 

$

(0.40

)

 

$

(0.90

)

 

Net income (loss) per share, diluted

 

$

0.05

 

 

$

(0.40

)

 

$

(0.90

)

 

Anti-dilutive securities excluded from diluted income (loss) per share:

 

 

 

 

 

 

 

 

 

 

Anti-dilutive stock options (1)

 

 

—

 

 

 

27,591

 

 

 

23,669

 

 

Anti-dilutive preferred stock (1)

 

 

—

 

 

 

138,612

 

 

 

126,986

 

 

Anti-dilutive warrants (1)

 

 

—

 

 

 

1,887

 

 

 

1,887

 

 

 

(1)
Due to the net loss during each of the years ended December 31, 2020 and 2019, no dilutive securities were included in the calculation of diluted loss per share because they would have been anti-dilutive.